- July 24, 2022
- Posted by: Stratford Team
- Category: Economy
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It’s a good time to be an American traveling abroad.
The value of the U.S. dollar has been at its strongest in years relative to many major global currencies of late— meaning travelers can buy more overseas than in the recent past.
Put another way, Americans are effectively getting a discount on hotels, car rentals, tours and other goods and services denominated in many foreign currencies.
But it’s unclear how long the good times will last. Some may wonder: Should I act now to lock in a favorable exchange rate?
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“I’d pull the trigger now,” said Aiden Freeborn, senior editor at travel site The Broke Backpacker.
“You could hedge and wait to see if things improve, but that could backfire,” he added. “Don’t be too…
